Try Quests to earn cryptoQ115. Using the following App ID lists from Folks Finance, AlgoFi, Tinyman, and AlgoDex, lets look at what percent of transactions their app calls and associated transactions(transactions in the same tx_group_id) make up on the Algorand blockchain.
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- How have the number of transactions changed over time for each Protocol
- Also how much in fees have been spent on transactions relating to each protocol?
- Other things that can be explored are what type of transactions are each protocol producing, or has the price of ALGO been an influence on the number of transactions produced by each protocol.
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as it seen from graphs,when market algo price goes bullish and bearish as well,the total amount of fee and also transactions were increasing as well.
in the other hand when price is stable it seems that people didn’t make any transaction.
to make it clear here are some examples:
within period time of 1st November till 8th of November the price increased so people started to buy more Algo so that’s why the amount of tranactions increased at the end of 8th November.
on the other hand within 29th of November to 6th of December the price were stable so the amount of fees and transactions didn’t changed that much.
one intersting thing happened since 6th of December is that Algo transactions and fees divided to two variety which is Folks finance and AlgoFi with higher transactions,and Algo dex and tintman with lower one.
payment has highest amount of transactions among all of transactions methods.